NPORT-EX 2 HG_SCB.htm HTML

JPMorgan Small Cap Blend Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2020 (Unaudited)

 

Investments

    Shares (000)      Value ($000)  

COMMON STOCKS — 96.8%

      

Aerospace & Defense — 1.0%

      

Curtiss-Wright Corp.

      20        1,810  

Hexcel Corp.

      16        600  

National Presto Industries, Inc.

      13        909  
     

 

 

  
        3,319  
     

 

 

  

Auto Components — 0.4%

      

Fox Factory Holding Corp. * (a)

      19        802  

LCI Industries

      9        616  
     

 

 

  
        1,418  
     

 

 

  

Automobiles — 0.3%

      

Winnebago Industries, Inc. (a)

      37        1,020  
     

 

 

  

Banks — 10.5%

      

BancFirst Corp. (a)

      43        1,435  

Camden National Corp.

      75        2,359  

City Holding Co. (a)

      25        1,663  

Columbia Banking System, Inc.

      75        2,010  

Community Trust Bancorp, Inc.

      49        1,558  

Cullen/Frost Bankers, Inc. (a)

      18        1,004  

First Busey Corp.

      120        2,053  

First Commonwealth Financial Corp.

      210        1,919  

First Financial Bancorp

      124        1,842  

First Financial Bankshares, Inc.

      46        1,242  

First Merchants Corp.

      78        2,066  

Great Western Bancorp, Inc.

      85        1,741  

Heritage Commerce Corp.

      223        1,710  

Heritage Financial Corp.

      68        1,360  

Independent Bank Corp.

      42        2,732  

Independent Bank Corp.

      136        1,750  

Lakeland Bancorp, Inc.

      180        1,946  

S&T Bancorp, Inc. (a)

      56        1,540  

Signature Bank

      7        596  

Simmons First National Corp., Class A

      110        2,024  

Trustmark Corp.

      53        1,235  
     

 

 

  
        35,785  
     

 

 

  

Biotechnology — 6.7%

      

ACADIA Pharmaceuticals, Inc. *

      31        1,320  

Alector, Inc. * (a)

      29        703  

Amicus Therapeutics, Inc. *

      158        1,457  

Atara Biotherapeutics, Inc. *

      55        467  

Avrobio, Inc. *

      53        831  

Biohaven Pharmaceutical Holding Co. Ltd. *

      33        1,112  

Blueprint Medicines Corp. *

      23        1,317  

Bridgebio Pharma, Inc. * (a)

      26        747  

Coherus Biosciences, Inc. *

      98        1,589  

FibroGen, Inc. * (a)

      39        1,372  

G1 Therapeutics, Inc. * (a)

      39        431  

Global Blood Therapeutics, Inc. * (a)

      10        522  

Halozyme Therapeutics, Inc. *

      110        1,981  

Heron Therapeutics, Inc. * (a)

      79        930  

Homology Medicines, Inc. * (a)

      52        803  

Intercept Pharmaceuticals, Inc. * (a)

      16        983  

Natera, Inc. *

      65        1,933  

Orchard Therapeutics plc, ADR (United Kingdom) *

      2        17  

REGENXBIO, Inc. *

      27        884  

REVOLUTION Medicines, Inc. *

      15        329  

Rubius Therapeutics, Inc. * (a)

      38        171  

Sage Therapeutics, Inc. *

      11        327  

Twist Bioscience Corp. * (a)

      53        1,631  

Viela Bio, Inc. * (a)

      23        867  
     

 

 

  
        22,724  
     

 

 

  

Building Products — 3.6%

      

Advanced Drainage Systems, Inc.

      73        2,159  

CSW Industrials, Inc.

      27        1,746  

Fortune Brands Home & Security, Inc.

      8        360  

Simpson Manufacturing Co., Inc.

      62        3,855  

Trex Co., Inc.* (a)

      33        2,610  

Universal Forest Products, Inc.

      43        1,602  
     

 

 

  
        12,332  
     

 

 

  

Capital Markets — 1.1%

      

Evercore, Inc., Class A

      23        1,064  

Focus Financial Partners, Inc., Class A *

      40        923  

LPL Financial Holdings, Inc.

      35        1,905  
     

 

 

  
        3,892  
     

 

 

  

Chemicals — 1.4%

      

Innospec, Inc. (a)

      24        1,668  

Stepan Co.

      18        1,619  

Valvoline, Inc.

      120        1,571  
     

 

 

  
        4,858  
     

 

 

  

Commercial Services & Supplies — 3.1%

      

Brady Corp., Class A

      45        2,048  

Brink’s Co. (The)

      24        1,275  

Cimpress plc (Ireland) * (a)

      20        1,064  

Deluxe Corp.

      44        1,144  

Kimball International, Inc., Class B

      98        1,166  

MSA Safety, Inc.

      27        2,778  

UniFirst Corp.

      7        1,071  
     

 

 

  
        10,546  
     

 

 

  

Communications Equipment — 1.0%

      

Ciena Corp. * (a)

      34        1,364  

EchoStar Corp., Class A *

      67        2,135  
     

 

 

  
        3,499  
     

 

 

  

Construction & Engineering — 0.6%

      

Comfort Systems USA, Inc.

      52        1,885  
     

 

 

  

Containers & Packaging — 0.7%

      

Graphic Packaging Holding Co.

      77        939  

Silgan Holdings, Inc.

      47        1,375  
     

 

 

  
        2,314  
     

 

 

  

Distributors — 0.6%

      

Pool Corp.

      11        2,154  
     

 

 

  

Diversified Consumer Services — 0.3%

      

Bright Horizons Family Solutions, Inc. *

      9        901  

OneSpaWorld Holdings Ltd. (Bahamas) (a)

      41        167  
     

 

 

  
        1,068  
     

 

 

  

JPMorgan Small Cap Blend Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2020 (Unaudited) (continued)

 

Investments

    Shares (000)      Value ($000)  

Electric Utilities — 0.5%

 

Portland General Electric Co.

      32        1,531  
     

 

 

  

Electrical Equipment — 1.2%

 

Generac Holdings, Inc. *

      36        3,349  

nVent Electric plc

      47        799  
     

 

 

  
        4,148  
     

 

 

  

Electronic Equipment, Instruments & Components — 2.7%

 

CTS Corp.

      48        1,206  

ePlus, Inc. *

      21        1,295  

Fabrinet (Thailand) * (a)

      31        1,670  

Littelfuse, Inc.

      21        2,832  

Plexus Corp. *

      14        764  

SYNNEX Corp.

      18        1,298  
     

 

 

  
        9,065  
     

 

 

  

Entertainment — 0.6%

 

Cinemark Holdings, Inc. (a)

      76        776  

Glu Mobile, Inc. *

      121        759  

Sciplay Corp., Class A *

      49        463  
     

 

 

  
        1,998  
     

 

 

  

Equity Real Estate Investment Trusts (REITs) — 7.6%

 

American Campus Communities, Inc.

      52        1,441  

American Homes 4 Rent, Class A

      104        2,410  

Brixmor Property Group, Inc.

      133        1,266  

CubeSmart

      36        972  

EastGroup Properties, Inc.

      12        1,288  

Equity Commonwealth

      68        2,141  

Highwoods Properties, Inc. (a)

      47        1,657  

JBG SMITH Properties

      59        1,868  

National Health Investors, Inc.

      14        714  

Rayonier, Inc.

      71        1,673  

Rexford Industrial Realty, Inc.

      63        2,583  

RLJ Lodging Trust

      168        1,297  

Sunstone Hotel Investors, Inc.

      215        1,876  

Terreno Realty Corp.

      63        3,241  

Washington

      68        1,615  
     

 

 

  
        26,042  
     

 

 

  

Food & Staples Retailing — 0.9%

 

Grocery Outlet Holding Corp. * (a)

      43        1,488  

Performance Food Group Co. *

      63        1,554  
     

 

 

  
        3,042  
     

 

 

  

Food Products — 1.2%

 

Flowers Foods, Inc.

      87        1,776  

Freshpet, Inc. *

      38        2,423  
     

 

 

  
        4,199  
     

 

 

  

Gas Utilities — 2.0%

 

Chesapeake Utilities Corp.

      18        1,561  

ONE Gas, Inc.

      36        3,048  

Southwest Gas Holdings, Inc.

      34        2,338  
     

 

 

  
        6,947  
     

 

 

  

Health Care Equipment & Supplies — 2.3%

 

Insulet Corp. *

      6        1,063  

iRhythm Technologies, Inc. *

      29        2,370  

Nevro Corp. *

      24        2,448  

Shockwave Medical, Inc. *

      29        947  

Utah Medical Products, Inc.

      11        1,034  
     

 

 

  
        7,862  
     

 

 

  

Health Care Providers & Services — 3.1%

 

Acadia Healthcare Co., Inc. * (a)

      42        771  

Amedisys, Inc. *

      20        3,610  

Encompass Health Corp.

      35        2,260  

Ensign Group, Inc. (The)

      38        1,423  

Pennant Group, Inc. (The) *

      16        222  

Providence Service Corp. (The) *

      42        2,283  
     

 

 

  
        10,569  
     

 

 

  

Health Care Technology — 1.4%

 

Evolent Health, Inc., Class A *

      88        478  

Teladoc Health, Inc. *

      28        4,364  
     

 

 

  
        4,842  
     

 

 

  

Hotels, Restaurants & Leisure — 2.3%

 

Boyd Gaming Corp.

      81        1,174  

Cheesecake Factory, Inc. (The)

      32        552  

Cracker Barrel Old Country Store, Inc. (a)

      14        1,165  

Planet Fitness, Inc., Class A *

      29        1,399  

Red Rock Resorts, Inc., Class A

      63        541  

Ruth’s Hospitality Group, Inc. (a)

      65        434  

Texas Roadhouse, Inc.

      63        2,608  
     

 

 

  
        7,873  
     

 

 

  

Household Durables — 0.8%

 

Helen of Troy Ltd. * (a)

      14        2,017  

TRI Pointe Group, Inc. *

      93        812  
     

 

 

  
        2,829  
     

 

 

  

Industrial Conglomerates — 0.3%

 

Carlisle Cos., Inc.

      8        1,064  
     

 

 

  

Insurance — 2.7%

 

Argo Group International Holdings Ltd.

      9        334  

eHealth, Inc. *

      13        1,833  

James River Group Holdings Ltd. (a)

      21        755  

Old Republic International Corp.

      100        1,525  

Safety Insurance Group, Inc.

      20        1,689  

Selective Insurance Group, Inc.

      38        1,888  

Third Point Reinsurance Ltd. (Bermuda) *

      155        1,147  
     

 

 

  
        9,171  
     

 

 

  

Interactive Media & Services — 0.2%

 

Cars.com, Inc. *

      120        515  
     

 

 

  

Internet & Direct Marketing Retail — 0.3%

 

Farfetch Ltd., Class A (United Kingdom) *

      76        603  

RealReal, Inc. (The) *

      46        324  
     

 

 

  
        927  
     

 

 

  

IT Services — 3.1%

 

CSG Systems International, Inc.

      49        2,050  

I3 Verticals, Inc., Class A * (a)

      26        498  

ManTech International Corp., Class A

      39        2,805  

MAXIMUS, Inc.

      24        1,394  

MongoDB, Inc. * (a)

      8        1,118  

JPMorgan Small Cap Blend Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2020 (Unaudited) (continued)

 

Investments

    Shares (000)      Value ($000)  

Science Applications International Corp.

      22        1,676  

Wix.com Ltd. (Israel) * (a)

      9        920  
     

 

 

  
        10,461  
     

 

 

  

Leisure Products — 0.2%

 

Callaway Golf Co. (a)

      70        714  
     

 

 

  

Life Sciences Tools & Services — 0.3%

 

10X Genomics, Inc., Class A * (a)

      8        500  

Adaptive Biotechnologies Corp. *

      11        308  

Personalis, Inc. * (a)

      41        331  
     

 

 

  
        1,139  
     

 

 

  

Machinery — 5.9%

 

Alamo Group, Inc.

      20        1,739  

Allison Transmission Holdings, Inc.

      37        1,207  

Blue Bird Corp. *

      131        1,427  

Graco, Inc.

      31        1,516  

Hillenbrand, Inc.

      75        1,424  

ITT, Inc.

      73        3,293  

John Bean Technologies Corp.

      29        2,130  

Kadant, Inc. (a)

      27        2,031  

Lincoln Electric Holdings, Inc.

      28        1,952  

Mueller Industries, Inc.

      65        1,559  

Watts Water Technologies, Inc., Class A

      22        1,900  
     

 

 

  
        20,178  
     

 

 

  

Marine — 0.2%

 

Kirby Corp. *

      14        591  
     

 

 

  

Media — 2.0%

 

Hemisphere Media Group, Inc. *

      135        1,150  

John Wiley & Sons, Inc., Class A

      20        749  

Liberty Latin America Ltd., Class C (Chile) * (a)

      162        1,658  

New York Times Co. (The), Class A

      65        2,005  

Nexstar Media Group, Inc., Class A (a)

      22        1,256  
     

 

 

  
        6,818  
     

 

 

  

Multiline Retail — 0.2%

 

Ollie’s Bargain Outlet Holdings, Inc. * (a)

      18        842  
     

 

 

  

Multi-Utilities — 0.5%

 

Unitil Corp.

      30        1,588  
     

 

 

  

Oil, Gas & Consumable Fuels — 1.4%

 

CNX Resources Corp. *

      175        932  

Delek US Holdings, Inc. (a)

      62        978  

EQT Corp. (a)

      136        962  

Equitrans Midstream Corp.

      150        754  

Matador Resources Co. * (a)

      172        427  

PDC Energy, Inc. *

      118        736  
     

 

 

  
        4,789  
     

 

 

  

Personal Products — 0.4%

 

Inter Parfums, Inc.

      29        1,362  
     

 

 

  

Pharmaceuticals — 1.4%

 

Horizon Therapeutics plc *

      72        2,140  

Optinose, Inc. *

      66        297  

Revance Therapeutics, Inc. *

      82        1,219  

TherapeuticsMD, Inc. *

      280        297  

Tricida, Inc. * (a)

      38        839  
     

 

 

  
        4,792  
     

 

 

  

Professional Services — 0.4%

 

FTI Consulting, Inc. *

      12        1,397  
     

 

 

  

Road & Rail — 1.1%

 

Lyft, Inc., Class A * (a)

      17        456  

Marten Transport Ltd.

      77        1,573  

Saia, Inc. *

      23        1,708  
     

 

 

  
        3,737  
     

 

 

  

Semiconductors & Semiconductor Equipment — 3.8%

 

Cabot Microelectronics Corp.

      12        1,414  

Enphase Energy, Inc. *

      52        1,678  

Entegris, Inc.

      51        2,293  

Inphi Corp. * (a)

      34        2,689  

MKS Instruments, Inc. (a)

      25        2,043  

Monolithic Power Systems, Inc.

      7        1,200  

Semtech Corp. *

      32        1,197  

SolarEdge Technologies, Inc. * (a)

      5        392  
     

 

 

  
        12,906  
     

 

 

  

Software — 6.9%

 

Anaplan, Inc. *

      32        966  

Bill.Com Holdings, Inc. * (a)

      18        610  

Blackline, Inc. *

      11        596  

Coupa Software, Inc. *

      4        587  

CyberArk Software Ltd. *

      17        1,432  

Dynatrace, Inc. *

      49        1,173  

Elastic NV * (a)

      21        1,177  

Envestnet, Inc. *

      38        2,063  

Everbridge, Inc. * (a)

      11        1,166  

Globant SA (Argentina) *

      6        564  

HubSpot, Inc. *

      11        1,419  

LogMeIn, Inc.

      14        1,166  

Medallia, Inc. * (a)

      44        880  

Nuance Communications, Inc. *

      103        1,735  

Progress Software Corp.

      37        1,179  

Proofpoint, Inc. *

      14        1,457  

Smartsheet, Inc., Class A *

      34        1,391  

Upland Software, Inc. *

      47        1,270  

Zendesk, Inc.* (a)

      15        970  

Zscaler, Inc. * (a)

      28        1,712  
     

 

 

  
        23,513  
     

 

 

  

Specialty Retail — 1.7%

 

Aaron’s, Inc. (a)

      13        304  

Hudson Ltd., Class A *

      112        562  

Lithia Motors, Inc., Class A

      26        2,163  

National Vision Holdings, Inc. *

      100        1,935  

Williams-Sonoma, Inc.

      23        961  
     

 

 

  
        5,925  
     

 

 

  

Textiles, Apparel & Luxury Goods — 2.0%

 

Carter’s, Inc.

      26        1,717  

Columbia Sportswear Co.

      16        1,117  

Kontoor Brands, Inc. (a)

      43        826  

Movado Group, Inc.

      48        566  

JPMorgan Small Cap Blend Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2020 (Unaudited) (continued)

 

Investments

    Shares (000)      Value ($000)  

Oxford Industries, Inc.

      32        1,172  

Steven Madden Ltd.

      33        767  

Wolverine World Wide, Inc.

      41        626  
     

 

 

  
        6,791  
     

 

 

  

Thrifts & Mortgage Finance — 1.2%

      

First Defiance Financial Corp.

      142        2,093  

WSFS Financial Corp.

      86        2,143  
     

 

 

  
        4,236  
     

 

 

  

Trading Companies & Distributors — 1.7%

      

Applied Industrial Technologies, Inc.

      63        2,885  

Rush Enterprises, Inc., Class A

      41        1,300  

SiteOne Landscape Supply, Inc. * (a)

      24        1,781  
     

 

 

  
        5,966  
     

 

 

  

Water Utilities — 1.0%

      

American States Water Co.

      18        1,489  

Middlesex Water Co.

      30        1,825  
     

 

 

  
        3,314  
     

 

 

  

TOTAL COMMON STOCKS

(Cost $360,560)

         330,497  
     

 

 

  
     No. of
Rights (000)		         

RIGHTS — 0.0% (b)

      

Biotechnology — 0.0% (b)

      

Clementia Pharmaceuticals, Inc. (Canada) * ‡ (Cost $—)

      51        – (c) 
     

 

 

  
     Shares (000)         

SHORT-TERM INVESTMENTS — 9.1%

      

INVESTMENT COMPANIES — 3.5%

      

JPMorgan Prime Money Market Fund Class IM Shares, 1.13% (d) (e)

(Cost $11,899)

      11,899        11,900  
     

 

 

  

INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED — 5.6%

      

JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 0.96% (d) (e)

      15,005        15,002  

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.35% (d) (e)

      4,100        4,100  
     

 

 

  

TOTAL INVESTMENT OF CASH COLLATERAL FROM SECURITIES LOANED

(Cost $19,104)

         19,102  
     

 

 

  

TOTAL SHORT-TERM INVESTMENTS

(Cost $31,003)

         31,002  
     

 

 

  

Total Investments — 105.9%

(Cost $391,563)

         361,499  

Liabilities in Excess of Other Assets — (5.9)%

         (19,995 ) 
     

 

 

  

Net Assets — 100.0%

         341,504  
     

 

 

  

 

Percentages indicated are based on net assets.

 

Abbreviations
ADR    American Depositary Receipt

 

(a)

The security or a portion of this security is on loan at March 31, 2020. The total value of securities on loan at March 31, 2020 is approximately $18,380,000.

(b)

Amount rounds to less than 0.1% of net assets.

(c)

Amount rounds to less than one thousand.

(d)

Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.

(e)

The rate shown is the current yield as of March 31, 2020.

*

Non-income producing security.

‡

Value determined using significant unobservable inputs.

A. Valuation of Investments — Investments are valued in accordance with U.S. generally accepted accounting principles (“GAAP”) and the Fund’s valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the “Board”), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

J.P. Morgan Investment Management Inc. (the “Administrator”) has established the J.P. Morgan Asset Management Americas Valuation Committee (“AVC”) to assist the Board with the oversight and monitoring of the valuation of the Fund’s investments. The Administrator implements the valuation policies of the Fund’s investments, as directed by the Board. The AVC oversees and carries out the policies for the valuation of investments held in the Fund. This includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis with the AVC and the Board.

A market-based approach is primarily used to value the Fund’s investments. Investments for which market quotations are not readily available are fair valued by approved affiliated and/or unaffiliated approved pricing vendors or third party broker-dealers (collectively referred to as “Pricing Services”) or may be internally fair valued using methods set forth by the valuation policies approved by the Board. This may include the use of related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and such differences could be material.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values (“NAV”) of the Fund are calculated on a valuation date.

JPMorgan Small Cap Blend Fund

SCHEDULE OF PORTFOLIO INVESTMENTS

AS OF MARCH 31, 2020 (Unaudited) (continued)

 

Investments in open-end investment companies (“Underlying Funds”) are valued at each Underlying Fund’s NAV per share as of the report date.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Fund’s investments are summarized into the three broad levels listed below.

 

•  

Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.

 

•  

Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.

 

•  

Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund’s assumptions in determining the fair value of investments).

A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.

The following table represents each valuation input as presented on the Schedule of Portfolio Investments (“SOI”) (amounts in thousands):

 

     Level 1
Quoted prices		      Level 2
Other significant observable
inputs		      Level 3
Significant unobservable
inputs		     Total  

Total Investments in Securities (a)

    $ 361,499      $ —        $ —   (b)    $ 361,499  

 

(a)

All portfolio holdings designated as level 1and Level 3 are disclosed individually on the SOI. Level 3 consists of rights. Please refer to the SOI for industry specifics of portfolio holdings.

(b)

Amount rounds to less than one thousand.

B. Investment Transactions with Affiliates — The Fund invested in Underlying Funds which are advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. Underlying Funds’ distributions may be reinvested into the Underlying Funds. Reinvestment amounts are included in the purchase cost amounts in the table below. Amounts in the table below are in thousands.

 

For the period ended March 31, 2020

  

Security Description

    Value at
June  30,
2019		      Purchases
at Cost		      Proceeds
from Sales		      Net Realized
Gain  (Loss)		     Change in
Unrealized
Appreciation/
(Depreciation)		     Value at
March  31,
2020		      Shares at
March  31,
2020		      Dividend
Income		      Capital  Gain
Distributions		  

JPMorgan Prime Money Market Fund Class IM Shares, 1.13% (a) (b)

    $ 12,791      $ 132,634      $ 133,525      $ —   (c)    $ —       $ 11,900        11,899      $ 152      $ —    

JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 0.96% (a) (b)

      26,008        31,000        42,001        —   (c)      (5 )      15,002        15,005        338        —    

JPMorgan U.S. Government Money Market Fund Class IM Shares, 0.35% (a) (b)

      10,612        120,301        126,813        —         —         4,100        4,100        108        —    
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

    

 

 

        

 

 

     

 

 

  

Total

    $ 49,411      $ 283,935      $ 302,339      $ —   (c)    $ (5 )    $ 31,002         $ 598      $ —    
  

 

 

     

 

 

     

 

 

     

 

 

    

 

 

    

 

 

        

 

 

     

 

 

  

 

(a)

Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc.

(b)

The rate shown is the current yield as of March 31, 2020.

(c)

Amount rounds to less than one thousand.